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Jan 3, 2013
01/13
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. ♪ and it's beautiful after a few hours of fiscal cliff free-fall, congress finally pulled the ripcord and the country has landed safely, right? not quite. even bigger negotiating challenges lie ahead. but what's this deal mean for the economy? let's talk with jeremy glaser. he is the markets editor for morningstar. no surprise, the investing community reacted with some measure of glee, at least in the short-term. > > there is definitely some relief that some deal got done, that we are not going to see the big tax hikes, that sequestration was pushed off for a few months. but this is really just the first step. there are going to be a lot more negotiations that could be pretty contentious just in the next couple weeks. > how about the idea that we do now have some predictability with some part of the tax code, for example, the amt, that fix is permanent. > > yes, that is good news. we look at dividend tax rates being set at the same level as capital gains permanently. that is good news for investors. but we are probably not seeing the end of tinkering with the tax code. the president s
. ♪ and it's beautiful after a few hours of fiscal cliff free-fall, congress finally pulled the ripcord and the country has landed safely, right? not quite. even bigger negotiating challenges lie ahead. but what's this deal mean for the economy? let's talk with jeremy glaser. he is the markets editor for morningstar. no surprise, the investing community reacted with some measure of glee, at least in the short-term. > > there is definitely some relief that some deal got done, that we are...
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. >> brenda: think it's just taxes the rich going up from na fiscal cliff deal? think again. cavuto's gang crunching the number is everyone about to get crunched? that's the bottom of the hour. and here next, even though these guys aren't getting the job done, they're getting ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my life and the last thing i want to be thinking about is my dentures. [ char
. >> brenda: think it's just taxes the rich going up from na fiscal cliff deal? think again. cavuto's gang crunching the number is everyone about to get crunched? that's the bottom of the hour. and here next, even though these guys aren't getting the job done, they're getting ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪...
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cliff deal that the senate passed earlier this morning the house went into recess last hour. sources say the rules committee is expected to meet anytime now on this. we've been told unlikely house republicans will have enough support to amend the bill to send it back to the senate. we still could get a up-or-down vote on this before markets opened. rich edson has been on capitol hill all day keeping track of this for us. rich for those tuning in a little foggy from celebrating last night. start things off with kind after recap. what is in the senate bill? what options are on the table for the house and what kind of progress have you seen so far, maybe lack thereof? >> die can, in about the last hour or two there has been real momentum shift to actually getting this thing done, perhaps having a vote on the senate bill. as you mentioned the rules committee meets in just about 10 minutes. they are scheduled to meet in 10 minutes that would really open up the pathway for this bill to make it onto the house floor and finally get an up-or-down vote. the recap on this, basically thi
cliff deal that the senate passed earlier this morning the house went into recess last hour. sources say the rules committee is expected to meet anytime now on this. we've been told unlikely house republicans will have enough support to amend the bill to send it back to the senate. we still could get a up-or-down vote on this before markets opened. rich edson has been on capitol hill all day keeping track of this for us. rich for those tuning in a little foggy from celebrating last night. start...
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Feb 23, 2013
02/13
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FOXNEWSW
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if you remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing themselves -- >> the thing is he's hoping the whole country will be under some kind of bizarre hypnosis and think we have money that we don't. >> you speak so negatively -- >> no, no. i do not. >> it's going to be fine.: >> i love this country and i think -- >> we have the ability to try and police ourselves a bit and t stop the wreckless spending and have the courage and fortitude to do so, we wouldn't be in the position we're s in.ou >> it's friday, let's pick it up. look good. >> coming up on "the five," an unbelievable shot. see, this is positive. at a basketball game, and itme wasn't made a by a playe
if you remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing...
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cliff. the u.s. economy will likely do a belly flop or the u.s. economy holding on for its your life depending on the fiscal cliff outcome. rich edson on capitol hill with the latest on if there will be a vote and the vice president getting involved once again. what is the latest? >> he will arrive sometime this evening because there are a number of senate democrats have issue with the framework between vice president joe biden, the senator himself and senate minority leader mitch mcconnell. the framework of that, the tax portion is a done deal exempting income of $400,000 for individuals, $450,000 for married couples, families from a tax increase. it also puts the capital gains tax keeping it consistent to me to those rates for income above that capital gains tax goes to 20%. presley patches the minimum tax ensuring live we as americans dt have to pay the estate tax goes to 40% on all mounts of $5 million a one-year extension of long-term unemployment benefits as part of this. also what is
cliff. the u.s. economy will likely do a belly flop or the u.s. economy holding on for its your life depending on the fiscal cliff outcome. rich edson on capitol hill with the latest on if there will be a vote and the vice president getting involved once again. what is the latest? >> he will arrive sometime this evening because there are a number of senate democrats have issue with the framework between vice president joe biden, the senator himself and senate minority leader mitch...
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Jan 3, 2013
01/13
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and when we come back, lane davis and the dpms of government waste jammed into the final hour fiscal cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the new laws for 2013 that will frighten you, straight ahead. t, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicatio
and when we come back, lane davis and the dpms of government waste jammed into the final hour fiscal cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the new laws for 2013 that will frighten you, straight ahead. t, you see, c-max helps you load your freight, with its foot-activated...
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Jan 3, 2013
01/13
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and when we come back, lane davis and the dpms of government waste jammed into the final hour fiscal cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the i called the car myself. i'll give you a lift, sir. who are you again? daniels, sir. accounts. who's this? this is daniels. key player over in accounts. ♪ daniels. director of accounts. [ male announcer ] the all-new nissan sentra. [ daniels ] good luck in there! c'mon, daniels. you're vp of accounts aren't you? [ male announcer ] it makes a powerful first impression. it's our most innovative sentra ever. nissan. innovation that excites. ♪ innovation that excites. and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready.
and when we come back, lane davis and the dpms of government waste jammed into the final hour fiscal cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the i called the car myself. i'll give you a lift, sir. who are you again? daniels, sir. accounts. who's this? this is daniels. key...
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Jan 3, 2013
01/13
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that is how long this fiscal cliff bill is, the same bill no one in the senate bothered to rode before they hurried it vote on it. after the senate got it, three minutes later, it passed the bill. unless you are howard, you are not reading it to three minutes. can he even do it? howard is back. howard, are you ready? >> ready. >> begin the clock. >> clock has begun. >>neil: three minutes. you are watching the world's fastest reading going through the 154-page bill if you include the title page which i always included. this is the measure that got us off the fiscal cliff. this is the measure that called for 41 times more tax hikes than spending cuts. i don't want to give it appear because that is cheating and howard may be relying on my cliff note version but there are real doozies in there that only a speed reader could cap. three minutes to vote -- read this. senators who voted on this vote offed on it after having it for only three minutes. >> back in a minute. did the president read it? something he said after passage makes steve wonder. >> we cannot simply cut our way to prosperity
that is how long this fiscal cliff bill is, the same bill no one in the senate bothered to rode before they hurried it vote on it. after the senate got it, three minutes later, it passed the bill. unless you are howard, you are not reading it to three minutes. can he even do it? howard is back. howard, are you ready? >> ready. >> begin the clock. >> clock has begun. >>neil: three minutes. you are watching the world's fastest reading going through the 154-page bill if you...
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Jan 14, 2013
01/13
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KQED
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just hours before the fiscal cliff deal's higher individual tax rates kicked in, goldman handed lloyd blankfein and his top lieutenants "a total of $65 million in restricted stock," bonuses awarded a month earlier than usual so they could all beat the coming tax hike from which they have been spared for more than 10 lucrative years. it will not surprise you, i am sure, to learn that "corporations announced more special dividends last month than in any other december since at least 1955." doing everything they can to avoid helping pay off the debt their ceos have been urging congress to cut. as for working people, tough luck. because the fiscal cliff deal ends the cut in payroll taxes, the average worker this year will take home about a thousand dollars less. ♪ hey when paul gets really bummed out that's when i ♪ ♪ get scared but when paul says there's a glint of home ♪ ♪ i feel we've all been spared >> that's is for this week. at our website billmoyers.com you can find much more on money in politics. including an illustrated guide comparing the gilded age of the 19th century
just hours before the fiscal cliff deal's higher individual tax rates kicked in, goldman handed lloyd blankfein and his top lieutenants "a total of $65 million in restricted stock," bonuses awarded a month earlier than usual so they could all beat the coming tax hike from which they have been spared for more than 10 lucrative years. it will not surprise you, i am sure, to learn that "corporations announced more special dividends last month than in any other december since at...
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Jan 2, 2013
01/13
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KRON
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it coming up in the next hour we will talk more about the fiscal cliff. the president is expected to speak within the next hour. there also changes coming to car rentals. we will tell you who is set to buy them. we will get an update with the forecast coming up. >> ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley, we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect combinations of nature's delicious ingredients,
it coming up in the next hour we will talk more about the fiscal cliff. the president is expected to speak within the next hour. there also changes coming to car rentals. we will tell you who is set to buy them. we will get an update with the forecast coming up. >> ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley, we know nature comes together in amazing ways. that's why we bring together natural ingredients,...
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Jan 2, 2013
01/13
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CNNW
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for us, thank you. >> sure. >> nischelle will be back next hour to talk about how the fiscal cliff of all things will help holly pood save millions of dollars. >>> michael nut ear plauds congress for reaching a fiscal cliff deal but urges lawmakers to do even more. >>> 15 minutes before the top of the hour. in about three hours pennsylvania's governor will announce a lawsuit over ncaa over stiff sanctions it impoetzed on penn state university, following the child sex abuse scandal involving the school's former assistant football coach jerry sandusky. the ncaa fined penn state $60 million and stripped the football program of 14 seasons of victories. >>> a fun new year's tradition with serious overtones, about 200 people took part in a polar plunge in north carolina, the event raised funds for a local charity and touched on the shooting tragedy in newtown, connecticut. the polar bears signed a large card to send to the town. >>> secretary of state hillary clinton is still in a new york hospital this morning after doctors discovered a blood clot between her brain and skull right behind h
for us, thank you. >> sure. >> nischelle will be back next hour to talk about how the fiscal cliff of all things will help holly pood save millions of dollars. >>> michael nut ear plauds congress for reaching a fiscal cliff deal but urges lawmakers to do even more. >>> 15 minutes before the top of the hour. in about three hours pennsylvania's governor will announce a lawsuit over ncaa over stiff sanctions it impoetzed on penn state university, following the child...
SFGTV2: San Francisco Government Television
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Feb 23, 2013
02/13
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cliff last year and we ended up with an 11th hour deal to avoid the worst of the fiscal live kcliff and i'm not going to read all of the stuff on this slide but basically what we got was tax increases that effect the working poor primarily and the very affluent and not really not much of an impact on the middle class and you can may be have your own political opinions about that but the spending cuts didn't really take much effect at all. the spending cuts are now poised to go into effect march 1st and to make thing more interesting we run back into the ceiling debt much later and that rolls up into the fiscal cliff 2.0 in how the government tempts to deal with it. so you may ask yourself we have a portion of the tax increases went through and who knows exactly what congress is going to but it's probably a pretty good guess that we get to the very last minute right before the march 1st effective gate date for the spending cuts and then we get some other short-term extension to add to this made for tv drama that they seem so fond of lately and you wonder where does it get us long ter
cliff last year and we ended up with an 11th hour deal to avoid the worst of the fiscal live kcliff and i'm not going to read all of the stuff on this slide but basically what we got was tax increases that effect the working poor primarily and the very affluent and not really not much of an impact on the middle class and you can may be have your own political opinions about that but the spending cuts didn't really take much effect at all. the spending cuts are now poised to go into effect march...
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Feb 25, 2013
02/13
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but with the sequester, just like with the fiscal cliff debate the end of the year. there was a grandstanding, political posturing right up until the 11th hour. as far as elections in italy, whether berlusconi is smiling or not tomorrow i don't think has a big impact on the markets, not even as much as what happened in japan last night. lauren: john, you say that we'll have some quick pullbacks in stocks. 5% here and there but you're relatively bullish for not only 2013, your s&p price target there is 1600, but you're saying 2000 as the level for 2014. you're still standing by that, john? >> i am. these are very typical of selloffs in a bull mark the can. usually in bear markets you have quick, sharp, upward rallies. exact opposite is true in bull markets. this is classic bull market correction in that respect. i also think the fundamentals are reasonably good. the fed is still positive. stocks are not unreasonably value. where will you go for yield? i never called a 5% correction in my life correctly and everyone seems to be doing it right now. david: david, let's g
but with the sequester, just like with the fiscal cliff debate the end of the year. there was a grandstanding, political posturing right up until the 11th hour. as far as elections in italy, whether berlusconi is smiling or not tomorrow i don't think has a big impact on the markets, not even as much as what happened in japan last night. lauren: john, you say that we'll have some quick pullbacks in stocks. 5% here and there but you're relatively bullish for not only 2013, your s&p price...
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Feb 22, 2013
02/13
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we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks, the better he looks. how could that affect gun control reforms and immigration reform? >> there was an interesting poll that came out in "usa today" just yesterday showing that largely the american public agrees with the positions that the president has taken not only when it comes to the national debt but also gun control and immigration. so the president does have the upper hand heading into the debate on some of these issues. how each of these issues is all tied together is a little bit unclear. it's safe to say, i think, at this point that the republicans are still struggling with trying to find the
we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks,...
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fiscal cliff. island as soon as the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda with zone ailing finances. and the scene with a new around the globe we digest the highlights at twenty twelve and look at the headlines that could have been if things are different. hello there very good to have you company it's kevin over here at the new center just after one am moscow time now on our top story than the smalling a last minute deal on the american fiscal cliff was passed by the senate in the final hours before the deadline but now as they go to the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house's perspective on the voting definitely calling for more spending cuts let's talk to lawrence freeman he's editor of the executive review magazine is joining us on the line from maryland now to give us a bit more analysis of what's going on here hi lawren
fiscal cliff. island as soon as the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda with zone ailing finances. and the scene with a new around the globe we digest the highlights at twenty twelve and look at the headlines that could have been if things are different. hello there very good to have you company it's kevin over here at the new center just after one am moscow time now on our top story than the smalling a last minute deal on the...
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Jan 1, 2013
01/13
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we're watching the developments on capitol hill on the fiscal cliff deal. 12 hours ago, 14 hours ago rather, 2:00 a.m., the senate passed a bill, 89-8 in the bipartisan fashion. then was sent over to the house. it was hopeful that the house would then take that bill and agree to it, that it would pass with 218 votes, and then perhaps it would become law and the fiscal cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told yo
we're watching the developments on capitol hill on the fiscal cliff deal. 12 hours ago, 14 hours ago rather, 2:00 a.m., the senate passed a bill, 89-8 in the bipartisan fashion. then was sent over to the house. it was hopeful that the house would then take that bill and agree to it, that it would pass with 218 votes, and then perhaps it would become law and the fiscal cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house...
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Jan 1, 2013
01/13
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fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that way. it's not good news for the economy. it's certainly not good news for small businesses who still are being really going to be hammered. you have been talking about obamacare taxes, they'll be hammered by that. they'll be hammered by this dramatically. let's just say, for instance, you're a chiropractor and off gross margin of 15%. all of a sudden your taxes go up, your business taxes go up. are you going to cut your salary or hesitate on hiring someone? i mean, this is where all the -- a lot of jobs have been created by small businesses. you'd be shocked how many businesses
fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that...
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an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. and it's in with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out differently. in broadcasting live from our studios in moscow this is r t certainly glad to have you with us. just over two years ago ireland was bankrupt and being bailed out to rescue its failed economy on top of that it's a now the country's turn to take on the next six month presidency of the european council as laura smith reports the celtic tiger has some hard graft ahead of it. it's all changed by the e.u. presidency as takes a six month rotating challenge on the first of january not the ovi choice islands one of the pegs the countries that have the nice stable economies in europe and showed off islands the first country to take hold in the presidency of the twenty seven nation while being propped up by a new i.m.f. money so for the next six months the e.u. and its a german problems will be presided over by o
an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. and it's in with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out differently. in broadcasting live from our studios in moscow this is r t certainly glad to have you with us. just over two years ago ireland was bankrupt and being bailed out to rescue its failed economy on top of that it's...
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Jan 3, 2013
01/13
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the nation did avoid the fiscal cliff and wall street responded positively. how the new deal will benefit your retirement savings. rob and i will actually look into our 401(k). no, that's not happening. >> you don't want to see us cry. >>> new this morning, a followup on that deadly attack on aid workers in pakistan. we'll learn how a failed plan to capture osama bin laden may have led to a violent climate against innocent civilians who were only trying to help others. >>> and a new movie touching nerves and sparking controversy. we'll hear from the stars of "django unchained." a fascinating interview. >> i have not seen it yet. i hear jamie foxx is pretty good. but tarantino does not shy away from controversy. >>> children, teachers and staff take up a familiar scene this morning, they are going to school. >> parents are being reassured that the new setng is the safest school in the entire country. abc's diana perez has more on this. good morning, diana. >> reporter: rob and paula, it's been less than three weeks since the mac kerr at sandy hook elementary s
the nation did avoid the fiscal cliff and wall street responded positively. how the new deal will benefit your retirement savings. rob and i will actually look into our 401(k). no, that's not happening. >> you don't want to see us cry. >>> new this morning, a followup on that deadly attack on aid workers in pakistan. we'll learn how a failed plan to capture osama bin laden may have led to a violent climate against innocent civilians who were only trying to help others....
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an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. island assumes the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda to its own ailing finances. and its in it with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out just a bit differently. and live from our studios in moscow this is our t.v. glad to have you with us a last minute deal on the american a fiscal cliff was passed by the senate in the final hours before the deadline but has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work ove
an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. island assumes the six month presidency of the e.u. facing a wide range of issues from a challenging european agenda to its own ailing finances. and its in it with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out just a bit differently. and live from our studios in moscow this is our t.v....
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and stick around next hour to see how the fiscal cliff deal will affect americans making between 500,000 and one million dollars per year. by the way you can check out the details for every income bracket on foxbusiness.com. tracy: that 3.9% on medicare wages as well. there are a lot of little ancillary taxes as well. that is over 200,000. ashley: adds up. tracy: nickel and dimed. we have barely avoided going over this fiscal cliff but what is become increasingly clear the state of america's economy remains on a real slippery political slope. so what are the implications? we have the former clinton advisor, timothy punk and senior director of the bipartisan policy director, steve bell. i will start with you first. everyone is saying democrats won, how do you win when we're being taxed more and more money is being pulled out of this ailing economy? >> well, look, first of all i don't think anybody should be doing an end zone dance on this deal but i think we do have to recognize there was important progress made. we did avoid going over the fiscal cliff. that is obviously important not ju
and stick around next hour to see how the fiscal cliff deal will affect americans making between 500,000 and one million dollars per year. by the way you can check out the details for every income bracket on foxbusiness.com. tracy: that 3.9% on medicare wages as well. there are a lot of little ancillary taxes as well. that is over 200,000. ashley: adds up. tracy: nickel and dimed. we have barely avoided going over this fiscal cliff but what is become increasingly clear the state of america's...
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and eleventh hour deal looks set to pull america from the edge of the fiscal cliff the tax hikes for millions of americans the time being at least. focusing live from moscow this is very happy new year. well twenty thirteen has made it around the globe we're going to re have fireworks performances and cheering crowds let's take a look at how the world has been parting new zealand was among the first to usher in twenty thirty rounds the harbor in oakland joy the fireworks exploding over the city's sky tower australia joined the festivities shortly after with almost two million people gathering to see the standard jaw dropping fireworks from harbor bridge as the clock struck midnight on new year continued its triumphant march through asia with one of the most spectacular shows unveiling in hong kong where count down to twenty thirteen common eight light extravaganza on the land and in the sky europe then picked up the holiday torch. hosting one of the world's largest open air parties at the brandenburg gate where the u.k. pulled out all the stops for the mesmerizing fireworks display i
and eleventh hour deal looks set to pull america from the edge of the fiscal cliff the tax hikes for millions of americans the time being at least. focusing live from moscow this is very happy new year. well twenty thirteen has made it around the globe we're going to re have fireworks performances and cheering crowds let's take a look at how the world has been parting new zealand was among the first to usher in twenty thirty rounds the harbor in oakland joy the fireworks exploding over the...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first to usher in twenty thirty proud. to introduce one of the fireworks exploding of the city's right. then straight here join the festivities very shortly afterwards with almost two million people gathered to see that now stand your dropping fireworks display from the harbor bridge as the clock struck it. do you continue to trump the march through asia with one more spectacular shows and hong kong when the biggest ever in fact work out that twenty thirty culminated in a light extravaganza on the land in the sky. and europe picked up the torch then here is burlington hosting one of the world's largest
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party showing new zealand first of all was among the first washer in twenty thirty crowd packed the harbor don't live with joy the fireworks exploding over the city's sky was a beautiful scene that then was over to a straight. shortly afterwards with almost two million people gathering to see the now standard jaw dropping fireworks from the harbor bridge as the clock struck midnight new year continued its triumphant march through asia with one of the most spectacular shows on bailing in hong kong its biggest ever in fact. leading to twenty thirteen huge like sixty. on land and sky then europe picking up the h
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party...
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signed the fiscal cliff bill into law preventing the u.s. economy from sliding back into recession now the deal removed the most urgent threat it would only delayed the toughest decisions of the law rushed through by the congress prevented deep spending cuts earned income tax hikes which technically took effect at midnight on january the first income tax will only rise for the wealthy but almost all americans will still end up paying more in federal tax law makers postpone decisions on the deficit and the debt ceiling for two months praising themselves for saving the economy from going over the fiscal cliff but some economists think there's little for them to actually be happy about. congress took the u.s. government the u.s. economy hostage and they let their hostage go about an hour several hours after the hostage deadline and they now would like to be congratulated for letting their hostages go however since they took the hostages it's hard to be excited and addition to which this has reputational damage the united states as well as reall
signed the fiscal cliff bill into law preventing the u.s. economy from sliding back into recession now the deal removed the most urgent threat it would only delayed the toughest decisions of the law rushed through by the congress prevented deep spending cuts earned income tax hikes which technically took effect at midnight on january the first income tax will only rise for the wealthy but almost all americans will still end up paying more in federal tax law makers postpone decisions on the...
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two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: five senate republicans voted no. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop lawmakers might not go along. boehner sent house members home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> reporter: th
two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000. president obama took credit for...
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no fall from the fiscal cliff president obama pushes up taxes at the eleventh hour striking a deal with congress that now really prevented a nationwide financial disaster that critics say there is still no long term solution in sight. and plus the f.b.i. lands itself in hot water after choosing not to warn the leaders of the occupy wall street movement about a plot to assassinate the. u.k. prime minister says he's ready to order the armed forces to war over the falklands after the argentinean president publicly demanded the return of the island's. film icon gerard that produces this for their own year to france as he gets a russian passport after a dramatic falling out with his native land over a fierce new tax hike on the wealthy. with a look back at the top stories of the last seven days and the latest developments this is the weekly here on our. the syrian leader has outlined his vision on how to end almost two years of continued civil conflict one of the key conditions for peace according to president bashar al assad is for regional and international powers to stop supporting armed
no fall from the fiscal cliff president obama pushes up taxes at the eleventh hour striking a deal with congress that now really prevented a nationwide financial disaster that critics say there is still no long term solution in sight. and plus the f.b.i. lands itself in hot water after choosing not to warn the leaders of the occupy wall street movement about a plot to assassinate the. u.k. prime minister says he's ready to order the armed forces to war over the falklands after the argentinean...
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all right my colleague bill daughter is here in half an hour's time but up next a fiscal cliff hangers and jacked up job numbers break in the abby martin and a couple of minutes. ron paul has rejected the national rifle association safety plan and by safety plan the n.r.a. proposes basically turning every school in america into a prison camp so on this one ron paul i'm with you in the wake of the tragic events at sandy hook elementary enery vice president wayne la pierre called on congress to immediately appropriate whatever is necessary to put armed police officers in every school so yeah what is the solution to isolated incidents of extreme violence make every child live their entire school life at gun point before putting armed guards in schools maybe we should take a look at the fact that more than twenty five percent of american kids are on medication and that's just the kids altering their mental state legally mom is working two jobs so she isn't around dad is a wall and the t.v. who's the new parent shows kids nothing but images glorify violence revenge and torture when someone
all right my colleague bill daughter is here in half an hour's time but up next a fiscal cliff hangers and jacked up job numbers break in the abby martin and a couple of minutes. ron paul has rejected the national rifle association safety plan and by safety plan the n.r.a. proposes basically turning every school in america into a prison camp so on this one ron paul i'm with you in the wake of the tragic events at sandy hook elementary enery vice president wayne la pierre called on congress to...
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and of the eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. they're very good to have your company this new year's day evening it's nine pm here in moscow when i was kevin know in this is r.t. international law top story that twenty thirteen has made it in and around the globe with an array of fireworks performances and cheering crowds take a look at the world party to a new zealand was among the first to usher in twenty thirteen crowds packed the harbor and all clint to enjoy the fireworks exploding across the city's sky tower it was a great sight that ben than to a stray joining the festivities shortly afterwards with almost two million people gathering to see the now standard jaw dropping fireworks from the harbor bridge as the clock struck midnight he continued his triumphant march through asia with the most spectacular shows indeed in hong kong where a countdown to twenty thirteen culminated in light extravaganza on the land and in the sky one of the biggest shows ever europe pi
and of the eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. they're very good to have your company this new year's day evening it's nine pm here in moscow when i was kevin know in this is r.t. international law top story that twenty thirteen has made it in and around the globe with an array of fireworks performances and cheering crowds take a look at the world party to a new zealand was among...
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. >> reporter: dave, the fiscal cliff deadline is one of several congress has to beat otherwise our congress will face dire problems. last night the house voted 257- 167 to approve the senate legislation passed less than 24 hours ago. california congress democrats both abstained from voting. their last day of work is tomorrow. their main points of the deal the income tax rate is going up only on households making $450,000 a year. and individuals making $400,000. federal unemployment benefits continued this year for two million americans. two other major fights are coming. the country is hitting the debt ceiling without raising it they would -- congress temporarily pushed off deep government spending cuts. >> there will be more deficit reduction as congress decides what to do with the automatic spending cuts we have now delayed for two months. >> reporter: we're already getting a look at how world markets are reacting to the legislation. more on that when i see you next. live in washington kyla campbell ktvu channel 2 news. >> we have much more on the fiscal cliff vote on our channel 2 websit
. >> reporter: dave, the fiscal cliff deadline is one of several congress has to beat otherwise our congress will face dire problems. last night the house voted 257- 167 to approve the senate legislation passed less than 24 hours ago. california congress democrats both abstained from voting. their last day of work is tomorrow. their main points of the deal the income tax rate is going up only on households making $450,000 a year. and individuals making $400,000. federal unemployment...
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also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty crowds packed the harbor in oakland to enjoy the fireworks exploding over the city sky. then a stray joy the festivities shortly afterwards with almost two million people gathered to see the now standard jaw dropping fireworks in harbor bridge as the clock struck midnight. continue to triumph and march through asia with one of the most spectacular shows on value in hong kong in fact were a countdown to twenty thirteen culminated in a like to extravaganza on the land and in the sky one of the biggest displays they were ever put on in fact your of then picked up the holiday toss this berlin hosting
also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty...
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this comes hours after president obama made the fiscal cliff deal official, signing it while on vacation in hawaii. ed henry is live at the white house with more. it's big day there, ed. >> good morning. you're right. you mentioned john boehner facing this vote as speaker today as the new congress convenes. one of the reasons why he's facing any possible trouble at all is concern on the conservative side about the fact that this deal that was negotiated laterally by the president and senator mcconnell, but john boehner was involved in the early stages of this, ended up having $620 billion in tax increases and only $15 billion in spending cuts. one way john boehner is pushing back on all of this is by noting that with the fight over lifting the nation's debt ceiling coming up in the weeks ahead, he is going to demand more spending cuts from the president, basically straight exchange of if he wants to extend the debt ceiling by a trillion dollars, then you need a trillion dollars in spending cuts. the president signaled a couple of nights ago, as this deal moved forward, that he is not goi
this comes hours after president obama made the fiscal cliff deal official, signing it while on vacation in hawaii. ed henry is live at the white house with more. it's big day there, ed. >> good morning. you're right. you mentioned john boehner facing this vote as speaker today as the new congress convenes. one of the reasons why he's facing any possible trouble at all is concern on the conservative side about the fact that this deal that was negotiated laterally by the president and...
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no fall from the fiscal cliff president obama pushes up is at the eleventh hour striking a deal with congress that now really prevented a nationwide financial disaster critics say there is still no long term solution in sight. the f.b.i. lands itself in hot water after choosing not to warn the leaders of the occupy wall street movement to assassinate the. u.k. would not hesitate to wage war to keep the falkland islands according to prime minister cameron the warning comes after the argentine president accused london of maintaining a last post of empire in the south atlantic. and film producers this year to france as he gets a russian passport after a dramatic falling out of his native land over a new tax hike on the wealthy. with a look back at the top stories of the last seven days and the latest developments this is the weekly here on our take. now the syrian leader has outlined his vision on how to end almost two years of continued civil conflict in a rare public speech one of the key conditions for peace according to president bashar al assad is for regional and international pow
no fall from the fiscal cliff president obama pushes up is at the eleventh hour striking a deal with congress that now really prevented a nationwide financial disaster critics say there is still no long term solution in sight. the f.b.i. lands itself in hot water after choosing not to warn the leaders of the occupy wall street movement to assassinate the. u.k. would not hesitate to wage war to keep the falkland islands according to prime minister cameron the warning comes after the argentine...
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the fiscal cliff averted, but your tax returns will still be affected. we'll tell you how, coming up. >>> the company that brings you mickey mouse wants you to wear a magic bracelet. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get
the fiscal cliff averted, but your tax returns will still be affected. we'll tell you how, coming up. >>> the company that brings you mickey mouse wants you to wear a magic bracelet. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's...
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so the fiscal cliff has been averted kind of by a deal that pushes more wrangling into the future by a few months so all say the play by play of the twenty four hour cable network news that we are hearing and will continue to hear for at least the next few months let's move on to something actually interesting though for the most part it is a new year time to reflect on how we can be better in two thousand and thirteen when it comes to the way we think about the economy money capitalism q e and just take an assessment of where we are heading into this new year what we maybe got wrong last year so colin rusch is here to help us about the founder of or can financial group and author of a blog you may know pragmatic capitalists or capitalism use me so first thank you so much for being on the show we're happy to have you here. or are you are you happy new year so let's just a little bit touch on the fiscal cliff and then we will move right past it we didn't go off it exactly stillmore dealmaking to come in in a few months on the debt ceiling and on those spending cuts that they pushed of
so the fiscal cliff has been averted kind of by a deal that pushes more wrangling into the future by a few months so all say the play by play of the twenty four hour cable network news that we are hearing and will continue to hear for at least the next few months let's move on to something actually interesting though for the most part it is a new year time to reflect on how we can be better in two thousand and thirteen when it comes to the way we think about the economy money capitalism q e and...
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cliff. amid increasing conversion to. official losing popularity some experts question whether it's time for him to become a secular state. move . near the front line. broadcasting twenty four hours a day you're watching t.v. . the u.s. house of representatives has approved a controversial bill designed to prevent the country from potentially sliding back into recession the fiscal cliff deal passed earlier by the senate and prevent nationwide tax hikes and spending cuts from coming into force at least for the time being but house republicans wanted to amend the bill and decided they didn't have enough support to make last minute changes to the motion he tug of war over the text to revolve around a democrat promoted increase in income tax for the rich the first time in two decades let's get some reaction to this now from financial analyst frances learn who joins us live here on r.t. thanks for joining us but of course it's not over yet lawmakers still have to thrash out these massive spending
cliff. amid increasing conversion to. official losing popularity some experts question whether it's time for him to become a secular state. move . near the front line. broadcasting twenty four hours a day you're watching t.v. . the u.s. house of representatives has approved a controversial bill designed to prevent the country from potentially sliding back into recession the fiscal cliff deal passed earlier by the senate and prevent nationwide tax hikes and spending cuts from coming into force...
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well, there is just one major hurdle left for this fiscal cliff deal. that is a vote later today in the house of representatives. perhaps as early as 1:00 in the afternoon. the senate voted well after the ball dropped in the early hours of the morning. it passed overwhelmingly with lots of support from both sides. in fact, the final tally was 89-8. >> shouldn't have taken us this long to come to an agreement and this shouldn't be the model for how we do things around here, but i appreciate the vice president's willingness to get this done for the country. >> reporter: vice president biden negotiated the deal with senate republicans over the weekend. but we also came to the hill last night to sell democrats on the plan, some of whom thought there were too many tax giveaways to the rich in this deal. the plan makes permanent the bush era tax cuts on individuals making under $400,000 a year. it also does the same for $450,000 worth of income for families. it also postpones harsh across the board spending cuts for a couple of months. and now all eyes turn t
well, there is just one major hurdle left for this fiscal cliff deal. that is a vote later today in the house of representatives. perhaps as early as 1:00 in the afternoon. the senate voted well after the ball dropped in the early hours of the morning. it passed overwhelmingly with lots of support from both sides. in fact, the final tally was 89-8. >> shouldn't have taken us this long to come to an agreement and this shouldn't be the model for how we do things around here, but i...
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the phone call marked the first time they've talked on the issue since the fiscal cliff deal next year. the president says it never should have gotten to this point. >> there's no other profession, no other industry where people wait until the 11th hour to solve these big problems. >> but neither side is reporting any progress. instead, aides simply exchanged some taunts via twitter. not a lot of reason for hope here that they're going to get this done. but there's still a few days. >> like the president said, there's nowhere else in the world where you think about it, if it's going to affect that many people and so much money is on the line that we wait for this long for anything to happen. in fact, today our abc's jonathan karl spoke to secretary leon panetta about these cuts. he said if they go into effect, it would turn the united states into a second rate power. >> strong words there. president obama said at this point we continue to reach out to the republicans and say this is not going to be good for the economy or ordinary people, but i don't know if they're going to move and t
the phone call marked the first time they've talked on the issue since the fiscal cliff deal next year. the president says it never should have gotten to this point. >> there's no other profession, no other industry where people wait until the 11th hour to solve these big problems. >> but neither side is reporting any progress. instead, aides simply exchanged some taunts via twitter. not a lot of reason for hope here that they're going to get this done. but there's still a few days....
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strike a crucial deal to avert the so-called fiscal cliff the senate eventually agreed all the proposed tax hike which would have affected virtually every american worker the deal still has to go before the house of representatives later tuesday at his economic expert mercs kaiser told us that it's still too early to pop the champagne . some people call him the crazy kaiser mr max joining us good to see you max. two thousand and two thousand and thirteen a happy new year to you there it's a rule we kept on a nice a here you know you never know what made you always go for the juggler with all the guests you have on the cars report is there anyone at this point you already are going off with two thousand and thirteen and he picked him in the future absolutely we're going after jamie diamond. ready for. we're going to find him we're going to a lot of the ranks. this is the year we see pranksters in jail i sort of doherty putting pranksters in jail now the rest of the world's going to bring pranksters in jail the fiscal cliff is just more theater bankers and politicians trying to distract p
strike a crucial deal to avert the so-called fiscal cliff the senate eventually agreed all the proposed tax hike which would have affected virtually every american worker the deal still has to go before the house of representatives later tuesday at his economic expert mercs kaiser told us that it's still too early to pop the champagne . some people call him the crazy kaiser mr max joining us good to see you max. two thousand and two thousand and thirteen a happy new year to you there it's a...
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this time, not over the fiscal cliff but over the debt ceiling and it is probably going to be uglier than the last one. we'll try to cover all of that in the next couple of hours we've got together here today and take your calls at 1-866-55-press. look forward to your comments on twitter at bpshow. facebook.com/billpressshow. here we are. team press. present and accounted for this morning. >> indeed. >> bill: peter ogborn and dan henning. >> happy thursday. >> good morning. >> bill: we're well into 2013. >> we are. >> bill: second work dave the new year. we're humming with phil backert on the phones and cyprian bowlding on the cameras our videographer extraordinaire. we know what you want to know. we know what your first question is. we will get right to it. by going to the -- sorry front page of "the new york times." breaking news today. headline, al jazeera seeks a u.s. voice where gore failed. it was announced late yesterday that al jazeera has bought current tv. the deal was completed yesterday and signed yesterday. you have lot of questions about that. so do we! guess what! but
this time, not over the fiscal cliff but over the debt ceiling and it is probably going to be uglier than the last one. we'll try to cover all of that in the next couple of hours we've got together here today and take your calls at 1-866-55-press. look forward to your comments on twitter at bpshow. facebook.com/billpressshow. here we are. team press. present and accounted for this morning. >> indeed. >> bill: peter ogborn and dan henning. >> happy thursday. >> good...
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fears of going off the fiscal cliff may be over, wait until march when the treasury secretary calls on congress to increase the debt limit. chief white house correspondent ed henry live from the white house on that. hey, ed. >> reporter: great to see you, megyn, happy new year. the bottom line, the president was very quick last night to come out and sell this deal as a victory and no doubt he had a win in the sense that what he wanted in terms of tax cuts for the middle class at least on paper, went through tax hikes for the rich, that went through and there were barely any spending cuts. something the house republicans were pushing for. they didn't get that. the president kept that to a bare minimum. when you look at the fine print on this from the tax policy center the white house and obama campaign cited a lot during the last presidential campaign, they say 77% of american households were actually now faced higher federal taxes despite this deal, that's largely because the deal did not include an extension of the payroll tax cut as you know. so a lot of people are actually going to
fears of going off the fiscal cliff may be over, wait until march when the treasury secretary calls on congress to increase the debt limit. chief white house correspondent ed henry live from the white house on that. hey, ed. >> reporter: great to see you, megyn, happy new year. the bottom line, the president was very quick last night to come out and sell this deal as a victory and no doubt he had a win in the sense that what he wanted in terms of tax cuts for the middle class at least on...
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cliff deal after a last minute agreement was passed by the senate in the final hours before the deadline on monday the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house had to postpone the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over this fiscal cliff. in any way this whole operation has been a manipulation. in the forest through their work over the minds of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what we're seeing right now again with twenty seven million people unemployed and missing the way they have forty nine point seven million people live we poverty you have tens of millions of people growing to read minds to get their food so this question of the physical comedy in the well for the population is not that all or nothing it's going to be resolved we're going to get aggressively to change the w
cliff deal after a last minute agreement was passed by the senate in the final hours before the deadline on monday the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house had to postpone the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over this fiscal cliff. in any way this whole operation has...